Dear User Advisorymandi.com or Pro advisory Championship (PAC) having purpose to provide you analytical skills of numbers of SEBI registered Research Analysts and Investment Advisers to choose best one among them for your hard earned investments. We Advisorymandi.com or Pro advisory Championship (PAC) not promote any adviser or provide any advise through Call, SMS and Social media platforms or give assurance of any return.

Change Mobile Number

Update Profile

Gold slips but Italy vote, trade war fears provide support

LONDON - Gold edged lower on Monday as a stronger dollar outweighed the impact of uncertainty created by Italy's election result and fears of a potential global trade war.

Spot gold was down 0.2 percent at $1,320.01 per ounce by 1515 GMT after touching its highest since Feb. 27 at $1,327.86.

U.S. gold futures for April delivery fell 0.2 percent to $1,321.20 per ounce.

The dollar index, which measures the dollar against major currencies, gained 0.2 percent, having touched its lowest in almost a week earlier in the session.

But support for gold came from U.S. President Donald Trump's announcement last week that the country would levy hefty tariffs on aluminium and steel imports. This was followed by threats of retaliation from the European Union and Canada.

In Italy, voters delivered a hung parliament on Sunday and if early projections are confirmed, none of Italy's three main groups will be able to rule alone and there is little prospect of a return to mainstream, moderate government.

Gold is often seen as an alternative investment during times of geopolitical and financial uncertainty, benefiting along with other haven assets such as the Japanese yen and U.S. Treasuries while stocks tend to trend lower.

"There are fears that a global trade war or protectionist measures will undermine global growth," said Societe Generale's head of metals research Robin Bhar. "People have wanted gold as a hedge against those looming uncertainties."

Gold output from Australia, the world's second-largest producer, may rise to a record as a stream of new projects comes on line, Australian mining consultancy Surbiton Associates said on Sunday.

The market was anticipating the release of non-farm payrolls on Friday which will help guide interest rate expectations.

In other precious metals, silver slipped 0.6 percent to $16.39 per ounce.

Hedge funds and money managers increased their net short position in silver contracts to a record high in the week to Feb. 27, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday, while cutting net long positions in gold.

Platinum, used to reduce emissions in diesel cars, fell 0.5 percent to $956.90 per ounce, while palladium slipped 1.2 percent to $980.20.

Putting pressure on platinum group metals (PGMs) was data that showed car sales in the United States were lower in February and the mayor of Rome said it would ban diesel cars by 2024, MKS SA senior precious metals dealer Alex Thorndike said.

LIVE ADVISORY

TESTIMONIALS

Samiul Shanti

Pro advisory gives excellent stocks and future tips.It is a very good platform for new traders like ... Read More

Samiul Shanti

Pro advisory gives excellent stocks and future tips.It is a very good platform for new traders like me and provides exact entry and exit point.As I am a working professional I can't monitor the market for whole day, so I don't trade regularly.But I made profit in nifty future segment without monitoring the market.Thanks for this unique concept and good effort.
Regards
Samiul Shanti.

Sandeep Paliwal

Dear sir/madam,
This is Sandeep Paliwal from Delhi. I want to thank the team of ADVISORY MANDI that ... Read More

Sandeep Paliwal

Dear sir/madam,
This is Sandeep Paliwal from Delhi. I want to thank the team of ADVISORY MANDI that help me to earn profit in this market. I have started with 25000 and double my money in a month and half. Intraday day tips with stop loss given was beneficial for me.
Thanks

Dev Jadeja

I am very glad to inform that i like this app it's very use full. This app give guideline what to bu... Read More

Dev Jadeja

I am very glad to inform that i like this app it's very use full. This app give guideline what to buy and sell in stock so i earn profit from it .

Chandrakant Adhav

Nandan Mohanty

"Sir,
i have been following PAC since last 1 month. It is quite beneficial for me to conduct... Read More

Nandan Mohanty

"Sir,
i have been following PAC since last 1 month. It is quite beneficial for me to conduct Intraday Treading .The valuable suggestions given by expert advisers without any charge is a pleasant experience for common men.I wish great success for PAC .
Thnak you
Nandan Mohanty
"

Experts Pick

AdvisoryMandi

JIST OF OPEC MONTHLY REPORT:NON OPEC PRODUCTION ON RISING SPREE

With 14 countries, OPEC is an intergovernmental organisation, founded in 1960 in Bagdad. OPEC stated...

AdvisoryMandi

Moumita Samanta

JIST OF OPEC MONTHLY REPORT:NON OPEC PRODUCTION ON RISING SPREE

With 14 countries, OPEC is an intergovernmental organisation, founded in 1960 in Bagdad. OPEC stated...

AdvisoryMandi

Moumita Samanta

JIST OF OPEC MONTHLY REPORT:NON OPEC PRODUCTION ON RISING SPREE

With 14 countries, OPEC is an intergovernmental organisation, founded in 1960 in Bagdad. OPEC stated...

OPINION POLL

Will end of FY 2017-18, see Nifty at 11K mark?

YES

NO

Total Votes: 1485

Enter email-id to share this news

Important Information

Please fill the required Disclosure/Disclaimer.

Disclaimer

The information and material contained in these pages and the terms, conditions, and descriptions that appear are subject to change without prior notice. Investments in equity shares, debentures, commodities, etc, are not obligations of or guaranteed by the ADVISORYMANDI , and are subject to investment risks.....More